Market Overview:
The global guided ammunition market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for precision-guided munitions (PGMs) and rising geopolitical tensions across the globe. The guided ammunition market is segmented on the basis of type, application, and region. On the basis of type, it is divided into laser-guided, radar-guided, infrared-guided, GPS-guided, and others. Laser guidance dominates this market owing to its high accuracy levels as compared to other guidance systems. On the basis of application, it is classified into air warfare applications such as fighter jets and bombers; naval warfare applications such as warships; land warfare applications such as tanks and artillery; and others including unmanned aerial vehicles (UAVs) or drones). The air warfare segment dominates this market due to increased procurement by militaries across developed countries for advanced aircraft platforms equipped with PGMs capabilities.
Product Definition:
A type of ammunition that is designed to be guided to a target by some external means, such as fins or a wire. Guided ammunition is important because it can greatly increase the accuracy of shots, especially at long distances.
Laser:
Laser is a device that produces light by the process of optical amplification. The term “laser” as used in this context refers to both organic and inorganic lasers. Organic lasers are those that operate through chemical reactions and inorganic ones which operate through solid-state physics; they may be further divided into two broad categories, namely fiber laser and semiconductor laser.
Radar:
Radar is a device that emits and receives radio-frequency electromagnetic waves. It's used in guided ammunition to determine the range, bearing, and accuracy of missiles. The device creates an electronic beam that travels through the atmosphere and reflects off objects until it returns to the source.
Application Insights:
The air application segment led the global guided ammunition market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing use of guided missiles for aerial combat, which has resulted in increased demand for such munitions across the world.
Naval applications are expected to witness significant growth over the forecast period owing to rising use of precision-guided munitions by navies around the world. The naval forces have been increasingly deploying anti-ship missiles armed with GPS-guided warheads owing to their ability to target and hit moving targets with high accuracy even at long ranges thus making them an ideal choice against enemy ships as well as land-based targets like coastal fortifications etc. Thus, growing importance of maritime security is likely drive demand for various types of guided ammunition across naval platforms globally which would result in increased sales globally during future years till 2030.
Regional Analysis:
North America dominated the global guided ammunition market in terms of revenue share in 2016 at over 35.0%. The U.S., which is the largest consumer of bullets and cartridges, has witnessed a surge in demand for laser-guided ammunition since 9/11 attacks on American soil. This region is expected to witness significant growth over the forecast period owing to increasing terrorist threats across countries, such as Canada and Mexico as well as U.S.
Asia Pacific regional market was valued at USD X million in 2016 owing to growing conflicts between China and India resulting into increased sales of bullets with GPS system features that can be used for hit targets more precisely than other conventional ammo types fired by guns or rifles.
Growth Factors:
- Increasing demand for precision guided munitions in the military sector
- Growing use of smart weapons in civil and commercial applications
- Proliferation of unmanned aerial vehicles (UAVs) and their increasing role in warfare
- Development of advanced guidance systems for small arms ammunition
- Emergence of new players in the global guided ammunition market
Scope Of The Report
Report Attributes
Report Details
Report Title
Guided Ammunition Market Research Report
By Type
Laser, Radar, Infrared, GPS, Others
By Application
Air, Naval, Land
By Companies
General Dynamics Corporation, BAE Systems, Northrop Grumman, Lockheed Martin, The Boeing Co., Raytheon Company, Textron, Inc., L-3 Communications, Israel Aerospace Industries, Northrop Grumman Corporation, General Dynamics Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
136
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Guided Ammunition Market Report Segments:
The global Guided Ammunition market is segmented on the basis of:
Types
Laser, Radar, Infrared, GPS, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Air, Naval, Land
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- General Dynamics Corporation
- BAE Systems
- Northrop Grumman
- Lockheed Martin
- The Boeing Co.
- Raytheon Company
- Textron, Inc.
- L-3 Communications
- Israel Aerospace Industries
- Northrop Grumman Corporation
- General Dynamics Corporation
Highlights of The Guided Ammunition Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Laser
- Radar
- Infrared
- GPS
- Others
- By Application:
- Air
- Naval
- Land
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Guided Ammunition Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Guided ammunition is a type of ammunition that is specifically designed to be used with a firearm. These rounds are typically equipped with an electronic guidance system, which helps the shooter aim and fire the round at the target.
Some of the major companies in the guided ammunition market are General Dynamics Corporation, BAE Systems, Northrop Grumman, Lockheed Martin, The Boeing Co., Raytheon Company, Textron, Inc., L-3 Communications, Israel Aerospace Industries, Northrop Grumman Corporation, General Dynamics Corporation.
The guided ammunition market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Guided Ammunition Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Guided Ammunition Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Guided Ammunition Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Guided Ammunition Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Guided Ammunition Market Size & Forecast, 2020-2028
4.5.1 Guided Ammunition Market Size and Y-o-Y Growth
4.5.2 Guided Ammunition Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Laser
5.2.2 Radar
5.2.3 Infrared
5.2.4 GPS
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Air
6.2.2 Naval
6.2.3 Land
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Guided Ammunition Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Guided Ammunition Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Laser
9.6.2 Radar
9.6.3 Infrared
9.6.4 GPS
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Air
9.10.2 Naval
9.10.3 Land
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Laser
10.6.2 Radar
10.6.3 Infrared
10.6.4 GPS
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Air
10.10.2 Naval
10.10.3 Land
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Laser
11.6.2 Radar
11.6.3 Infrared
11.6.4 GPS
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Air
11.10.2 Naval
11.10.3 Land
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Laser
12.6.2 Radar
12.6.3 Infrared
12.6.4 GPS
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Air
12.10.2 Naval
12.10.3 Land
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Laser
13.6.2 Radar
13.6.3 Infrared
13.6.4 GPS
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Air
13.10.2 Naval
13.10.3 Land
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Guided Ammunition Market: Competitive Dashboard
14.2 Global Guided Ammunition Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 General Dynamics Corporation
14.3.2 BAE Systems
14.3.3 Northrop Grumman
14.3.4 Lockheed Martin
14.3.5 The Boeing Co.
14.3.6 Raytheon Company
14.3.7 Textron, Inc.
14.3.8 L-3 Communications
14.3.9 Israel Aerospace Industries
14.3.10 Northrop Grumman Corporation
14.3.11 General Dynamics Corporation
